GST 2.0: The challenges for the next phase of success

GST was launched in India with ambitious aims for the tax ecosystem and from the revenue data. From the response of the majority of taxpayers, it seems to be a resounding success. The average monthly collection has gone from about Rs 82,200 crore during the first nine months to Rs 1,50,800 crore during 2022-23, rising further to Rs 1,72,000 crore in the first two months of the current fiscal. As p…